betting odds
Bookmaker's posted numbers
Betting odds express the likelihood of an outcome and determine potential payouts.
They can be displayed as fractions (5/1), decimals (6.00), or American format (+500/-200).
Odds reflect both probability and the bookmaker's margin.
The odds on the underdog were 10 to 1.
When odds are even or even money, a correct bet doubles your stake.
- sports bettingWagering on athletic contests
- horse racingCompetitive equine track events
- money lineOdds for outright victory
- sportsbookGambling venue for athletics
- prop betsBets on specific occurrences
bookmaker · wagering · even money · handicapping · expected value · vigorish · parlay · closing line · risk assessment · point spread · punter · photo finish · dead heat · probability theory · casino games · taking action · line · tipster
- sports bettingbets, bookmaker, bet, sportsbook, spread
- gamblinggamble, gambling, casinos, casino, bets
- Predictionprediction, forecasting, forecast model, estimation, extrapolation
- sports culturefan clubs, highlights, commentary, live reporting, analysis
- gambling oddsprobability, house edge, expected value, EV, payout
- prediction markets
certainty
betting oddscertainty
Total absence of doubt
sure thing · foregone conclusion · absolute certainty · lock · dead cert